On 10 August Malta International Airport plc published the July 2009 traffic results. The statistics show a 7.3% decrease in passenger departures during the month of July to 166,452 passengers (July 2008: 179,627). During the first half of 2009, passenger departures declined by 10.08%, representing a decrease of 87,837 passengers.
In order to reduce the dependency on passenger numbers, MIA is diversifying its sources of revenues by opening up retail and food & beverage outlets for the non-travelling public. MIA’s major retail contract is with Nuance Group which guarantees a minimum income of €4.25 million per annum to MIA for the next six years. Furthermore, MIA recently announced a €16 million investment in a 9-floor commercial building block which will include 14,000 square metres of rentable space. This should further contribute towards increasing the amount of non-aviation revenue to the company which is anticipated to reach 30% of overall income by 2010.